TITLE

Aloha Effects

AUTHOR(S)
Kelemen, Jasmina
PUB. DATE
January 2005
SOURCE
Bond Buyer;1/14/2005, Vol. 351 Issue 32050, p37
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that Aloha Airlines' decision to file for protection from creditors under Chapter 11 of the U.S Bankruptcy code poses minor immediate concerns to the domestic airports it serves, Fitch Ratings Inc. said in a report as of January 2005. Aloha was the fourth carrier that serves Hawaii's network of 15 airports to file for bankruptcy: The others are Hawaiian Airlines, United Airlines, and ATA. "While Aloha constitutes a sizable percentage of the system's market share, particularly with respect to inter-island service. Fitch feels the system's monopoly position, overall stable finances, and strong management mitigate potential credit risk that may arise from service reductions or liquidation," the report said.
ACCESSION #
15684381

 

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